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7 Best Brokers with Minimum $1 Deposit in Botswana
The 7 Best Forex Brokers with a Minimum 1 USD Deposit in Botswana revealed. We tested and verified the best minimum of 1 Dollar (13 BWP) forex brokers for Botswana Traders.
This is a complete list of a minimum of One Dollar deposit forex brokers in Botswana.
In this in-depth guide you’ll learn:
- What is a minimum $1 deposit broker?
- Who are the best $1 minimum deposit forex brokers for Botswanans?
- Best Mobile Platform Broker with a $1 minimum deposit?
- Best Low Cost Brokers in Botswana
- Which brokers offer no minimum deposit?
- Start Forex trading with $1
And lots more…
So if you’re ready to go “all in” with the best-tested minimum $1 deposit forex brokers for Botswanans…
Let’s dive right in…
- Lesche Duvenage
Best Brokers with Minimum $1 Deposit in Botswana
| 🏛️ Broker | 👉 Open Account | 💰 Minimum Deposit | 💵 Botswana Pula Deposits Allowed? | 🎉 Trading Platform | 📞 Botswana Customer Support? |
| 1. FBS | 👉 Open Account | $1 (13 BWP) | Yes | FBS Trader, MetaTrader 4, MetaTrader 5 | Yes |
| 2. IFC Markets | 👉 Open Account | $1 (13 BWP) | No | NetTradeX Platform MetaTrader 4 | No |
| 3. InstaForex | 👉 Open Account | $1 (13 BWP) | Yes | MetaTrader 4 MetaTrader 5 MultiTerminal WebTrader | Yes |
| 4. JustMarkets | 👉 Open Account | $1 (13 BWP) | No | MetaTrader 4 MetaTrader 5 | No |
| 5. SuperForex | 👉 Open Account | $1 (13 BWP) | Yes | MetaTrader 4 | Yes |
| 6. FXOpen | 👉 Open Account | $1 (13 BWP) | Yes | MetaTrader 4 MetaTrader 5 TickTrader platform | Yes |
| 7.Trading 212 | 👉 Open Account | $1(13 BWP) | No | No Trading Desk | Yes |
10 Best Forex Brokers in Botswana for 2024
Rank
Broker
Review
Regulators
Min Deposit
Official Site
What is a minimum $1 deposit broker?
A minimum $1 deposit broker is an online trading platform that allows individuals to start their trading journey with a minimal initial investment of just $1. These brokers cater to traders who may have limited funds or want to dip their toes into trading without committing substantial capital.
The concept behind a minimum $1 deposit broker is to provide accessibility to the financial markets, enabling newcomers to experience live trading conditions, test strategies, and familiarize themselves with the broker’s platform with a very small financial commitment.
While these brokers offer an opportunity for affordability, potential traders should carefully consider factors like trading conditions, fees, and regulatory status before choosing a broker. It’s important to remember that even with a low initial deposit, trading involves risks, and proper risk management should always be practiced.
7 Best Brokers with Minimum $1 Deposit in Botswana
- ✔️ FBS – Overall, the Best $1 USD Minimum Deposit Broker
- ✔️ IFC Markets – Best Islamic Account for Muslim Traders
- ✔️ InstaForex – Best VIP Account for Professional Botswana Traders
- JustMarkets – Best Proprietary Mobile Trading App in Botswana
- SuperForex – High User Trust Score
- FXOpen – Best Broker for Beginner Traders
- Trading 212 – Low minimum investment required
1. FBS
In 2009, a group of traders engaged in research and technical analysis launched the CFD trading platform FBS. To its 27 million CFD traders, FBS offers reliable and honest software. There are traders from more than 150 countries worldwide who trade using FBS.
Overall Rating
- 4.7/5
Min Deposit
USD 5 / 67 BWP
Regulators
IFSC, FSCA (South Africa), ASIC, CySEC
Trading Desk
MetaTrader 4, MetaTrader 5, FBS Trader – all in one mobile trading platform.
Crypto
Yes
Total Pairs
250
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
The brand unites a few financial institutions and gives customers access to Margin FX and CFD trading. FBS provides Negative Balance protection and separate accounts for traders’ money, making it inaccessible to the firm for any purpose.
BS provides open markets for trading on various assets, including Forex and metals, with STP-enabled, microsecond-latency execution. In addition to its robust execution, FBS is committed to investing in technology that streamlines and simplifies the trading experience.
Overview
| Feature | Information |
| ⚖️ Regulation | IFSC, CySEC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | USD 5 / 96 Pula |
| 📊 Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:3000 |
| 👥 Customer Support | 24/7 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FBS offers competitive trading conditions with some of the lowest spreads | There are wide spreads charges on some accounts |
| There are several account types to choose from | There is a limited number of tradable instruments |
| There are many social trading opportunities | There are several regional restrictions applied |
| There is an ultra-low minimum deposit requirement | |
| The broker is well-regulated and trusted |
2. IFC Markets
The minimum deposit amount that traders can expect will depend on the account type that traders choose to register and will range from 1 USD up to 1 000 USD, or currency equivalent in EUR, JPY, or ZAR. IFC Markets is regulated by strict entities and guarantees client fund security by keeping client funds in segregated accounts, separate from the broker account. These funds may not be used for any other purpose except trading activities.
Overall Rating
- 4.8/5
Min Deposit
USD 1
Regulators
CySEC, BVI FSC
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
IFC Markets is a trusted broker that caters to both beginner and professional traders. IFC Markets offers a range of financial instruments that can be traded through three powerful trading platforms.
Overview
| Feature | Information |
| ⚖️ Regulation | CySEC, BVI FSC |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | $1 / 13 BWP |
| 📊 Average spread from | from 0.4 pips |
| 📈 Maximum Leverage | 1:400 |
| 👥 Customer Support | 24/6 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| IFC Markets has a long-standing reputation | Support is not available 24/7 |
| IFC has an ultra-low minimum deposit requirement | Trading conditions might vary according to the trader’s area |
| All unused funds can earn annual interest of up to 7% | |
| With Portfolio Quoting, Botswanans can easily create proprietary synthetic instruments and portfolios |
3. InstaForex
InstaForex provides a solution from the world’s top developers, enabling you to conduct trades with the assistance of the largest market participants. InstaForex was established in 2007 with headquarters in Limassol, Cyprus, although it currently services customers worldwide.
Incredibly, the number of professional traders using InstaForex today exceeds 7 million. InstaForex is a dependable Forex broker that offers a vast array of trading products and innovative technologies.
The InstaForex interface is user-friendly, and the InstaForex broker provides several low-cost deposit alternatives, professional instruction, and an analysis department.
Overall Rating
- 4.8/5
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Desk
MetaTrader 4
MetaTrader 5
MultiTerminal
WebTrader
Crypto
Yes
Total Pairs
100
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
This platform is regulated by CySEC and adheres to the standards of Instant Trading LTD in terms of negative balance protection. Furthermore, when a trader declares bankruptcy, they are entitled to compensation of around 20,000 EUR.
Before withdrawing their cash, traders must adhere to several stringent laws and regulations; protection is given to all traders. This assures that the platform is genuine and offers traders the appropriate services.
Regarding regulatory and compliance adherence, InstaForex checks off all the necessary boxes.
Overview
| Feature | Information |
| ⚖️ Regulation | FSC, BVI, SIBA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | Botswanan Pula ($1 / 13 BWP ) |
| Average spread from | 0.0 pips EUR/USD |
| 📈 Maximum Leverage | 1:1000 |
| 👥 Customer Support | 24/7 |
Pros and Cons
| ✔️ Pros | ❌ Cons | |||
| The broker offers commission-free trading | There are restrictions on leverage for European Union clients | |||
| MetaTrader 4 and 5 are both offered, available across devices | US clients are not accepted | |||
| The broker is well-regulated and offers competitive trading conditions | ||||
| There is a choice between retail investor accounts, each suited to different types of traders | ||||
| There is a wide range of tradable assets offered |
4. JustMarkets
JustMarkets, headquartered in Limassol, Cyprus, was established in 2012 as a multi-asset online CFD broker. You may trade foreign currency pairings, equities, commodities, indices, and cryptocurrencies all in one place with JustMarkets.
Most accounts support several base currencies and a wide variety of deposit and withdrawal methods, except for BWP accounts. As a result, traders on JustMarkets can choose from seven different account types to discover the right one for them.
New traders may start with the spread account. In contrast, the commission account can benefit experienced traders who make larger trades.
Overall Rating
- 4.4/5
Min Deposit
USD 10
Regulators
FSA, CySec
Trading Desk
Metatrader 4
Crypto
Yes
Total Pairs
240
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
In addition, cheap initial deposits are a boon to novice traders. For example, only $1 is required to open an account with three different accounts, while $100 is suggested for the other four.
Regardless of your inactive status, your account will always be active on JustMarkets. If a trading account is dormant for more than 90 days, the broker may choose to archive it.
For a broker, inactivity means there has been no single login into a client’s trading account or any other trading or non-trading action for an extended period. If the account’s balance drops below $1, it could be closed and placed in long-term storage.
Overview
| Feature | Information |
| ⚖️ Regulation | FSA in Seychelles, FSA in Saint Vincent and the Grenadines |
| ⚖️ CBN Regulation? | No |
| 📊 Trading Accounts | MT4 Standard Cent, MT4 Standard Account, MT4 Pro Account, MT4 Raw Spread Account, MT5 Standard Account, MT5 Pro Account, MT5 Raw Spread Account |
| 📊 Trading Platform | MetaTrader 5, MetaTrader 4, ZuluTrade, JustMarkets App |
| 💰 Minimum Deposit | 192 Botswanan Pula equivalent to $10 |
| 💰 Trading Assets | Indices, Energies, Forex, Metals, Cryptocurrencies, Shares, Futures |
| 🔎 Botswanan Pula-based Account? | No |
| 💳 BWP Deposits Allowed? | Yes |
| 💰 Bonuses for Botswanan traders? | Yes |
| 📈 Minimum spread | 0.0 pips EUR/USD |
| 📊 Demo Account | Yes |
| ☪️ Islamic Account | Yes |
| ✴️ Social Trading Offered | Yes |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| There is a no-deposit bonus offered to all newly registered traders | JustMarkets does not currently reward loyal customers |
| JustMarkets offers a welcome and deposit bonus after Botswanans make an initial deposit | There is no demo account bonus or trading bonus offered for demo traders |
| The terms and conditions of bonuses are transparent and straightforward |
5. SuperForex
Overview
SuperForex was established in 2013 to normalize the use of foreign exchange in everyday life. The company, which started in Belize but now has offices worldwide, is a broker.
SuperForex provides its customers with the MetaTrader 4 (MT4) trading platform, which may be used locally on desktop computers or accessed online using any modern web browser.
In addition, helpful video instructions are at your disposal to help you make the most of your time trading with MT4.
Overall Rating
- 4.6/5
Min Deposit
USD 1 / 13 BWP
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
300
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Both Windows and macOS computers may use the terminal. Keep in mind that the MetaTrader 5 (MT5) platform is currently unavailable on SuperForex. The broker’s spreads change based on the sort of account you have.
When compared to other brokers, they are competitive. Due to the direct market execution and fluctuating spreads available to ECN accounts, they are more competitive.
For a basic STP account, the spreads on the EUR/USD pair were typically 3 pips, the USD/CAD pair was typically 3.5 pips, and the GBP/JPY pair is often 6.5 pips.
Overview
| Account Features | Value |
| 💻 Account Base Currency Options | USD, EUR, GBP, RUB, ZAR, NGN, CNY, BDT, INR, THB |
| 💵 Minimum Deposit | 13 BWP or an equivalent of $1 |
| 💰 Maximum Deposit | Unlimited |
| 💳 Maximum Leverage offered | 1:1000 |
| 💸 Commissions charged | None |
| 🔧 Instruments available on this Account | All |
| ✅ Bonuses offered | All |
| 📈 Position Size for the Account | 10,000 USD |
| 🔄 Swaps | Included |
| 📊 Average Spreads | • EUR/USD – 2 pips • XAU/USD – 7 pips • XAG/USD – 7 pips • AAPL – 1 pip • Brent Crude Oil (BRT) – 2.5 pips • SPX – 13 pips • NAS100 – 13 pips • SVXY.US – 7 pips |
| ✔️ Forex Copy-trading offered | Included |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| At SuperForex, eleven retail accounts are offered, all of which are tailored to the unique needs of individual traders. | SuperForex is not regulated. |
| In addition to speedy, trustworthy transaction execution and cheap spreads, SuperForex has commission-free options. | There is no other platform other than SuperForex and MT4. |
| Muslims have access to Islamic trading accounts with no monthly maintenance fees. | SuperForex does not offer a BWP-denominated account. |
| Botswanans can quickly and easily deposit and withdraw monies from their accounts. |
6. FXOpen
Initially, FXOpen was a school that taught about the forex market. However, a group of traders expanded the business internationally in 2005, opening branches in the United Kingdom, Russia, New Zealand, and Australia.
FXOpen is a foreign exchange (FX) and CFD broker that supports the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms and a variety of products. With spreads starting at 0 pips, a firm is a great option for anyone looking for much liquidity.
Overall Rating
- 4.8/5
Min Deposit
USD 1 / 13 BWP
Regulators
ASIC
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
4
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Day traders have the option of opening an ECN or STP account. In addition, thousands of traders in countries as diverse as Canada, Germany, Vietnam, and Nigeria use FXOpen’s services.
It has rapidly grown to become one of the most prominent FX brokers in the world, offering clients competitive spreads, lightning-fast order execution, and the newest and most innovative trading technologies.
Trading costs are different for each trading account and instrument. Persons trading through the ECN profile will do so at the raw price provided by banks and liquidity providers, for which they will pay a nominal commission.
However, there is no additional commission charge for STP accounts. The spreads cover all associated expenses in full.
Overview
| Feature | Information |
| 📈 Range of Markets | Forex, ETFs, Crypto, Indices, Commodities, Shares |
| ⚖️ Regulation | FCA, ASIC |
| 💻 Account Types | • ECN Account • STP Account • Micro Account • Crypto Account |
| 💵 Minimum Spread | 0.0 pips |
| 💸 Minimum Deposit | 13 BWP ($1) |
| 📱 Platforms Supported | MetaTrader 4 MetaTrader 5 TickTrader Myfxbook AutoTrade |
| 📉 Minimum Trade Volume | 0.01 lots |
| 📈 Maximum Leverage | 1:500 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| FXOpen is known for its true ECN model | Withdrawal fees might apply |
| FXOpen is well-regulated and offers an unlimited demo account | Not all accounts have the same access to financial instruments |
| Negative balance protection is applied to trading accounts |
7. Trading 212
Trading 212 is a fintech company that enables investors to trade Stocks, ETFs, Forex, Commodities, and more. Trading 212 is authorized and regulated by the Financial Conduct Authority, the Financial Supervision Commission, and the Cyprus Securities and Exchange Commission.
Overall Rating
- 4.3/5
Min Deposit
USD 1 / 14 BWP
Regulators
FCA
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
The minimum deposit required to open a Trading 212 Account is $1 USD. Trading 212 provides 3 different live trading account types, CFD, Invest, and ISA.
Overview
| Feature | Information |
| ⚖️ Regulation | FCA |
| ⚖️ CBN Regulation | No |
| ✔️ Accepts Botswanan Traders? | Yes |
| 💳 Minimum deposit (BWP) | Botswanan Pula ($1 ) |
| Average spread from | 0.4 Pips |
| 📈 Maximum Leverage | 1:30 |
| 👥 Customer Support | 24/5 |
Pros and Cons
| ✔️ Pros | ❌ Cons |
| Strict Regulation | No US clients |
| Segregated Client Funds | Limited leverage for non-professional clients |
| Financial Services Compensation Scheme | No MT4/MT5 |
How to Choose the Right Forex Broker in Botswana
Botswanan traders must evaluate the following components of a forex broker to decide whether the broker is suited to their unique trading objectives or needs.
Regulations and Licenses
This is the first vital component that Botswanan traders must thoroughly evaluate. Reputable brokers are regulated by market regulators such as FCA, ASIC, CySEC, FSCA, and others.
Botswanans must beware when dealing with brokers with only offshore regulations such as FSA, SVG BVI, FSC, and others.
Account Features
Account Features include leverage trading and margin requirement, commissions and spreads, initial deposit, additional features on retail investor accounts, and so on.
Deposits and Withdrawals
Botswanans must evaluate the payment options available, the processing times on withdrawal requests, deposit currencies offered, the withdrawal fee, deposit fees, and minimum withdrawal limits, among other trading and non-trading fees.
Range of Markets
The range of markets offered refers to the number and range of tradable instruments the broker offers. Therefore, Botswanans must consider what they wish to trade and what is available.
Customer Support
Customer Support is another crucial factor. Botswanans must check the availability of support (trading hours), the quality of support, and the promptness with which the customer support team responds to queries.
Trading Platform
A trading platform is the Botswanan trader’s portal to the financial markets. Therefore, traders must ensure that the trading platform has the necessary technical indicators, fundamental analysis, technical analysis, economic calendar, charting, newsfeed, and other tools they may need.
Education and Research
Education and Research come in handy to both novice traders and experienced investors. Education includes some of the following:
➡️ eBooks
➡️ Trading guides
➡️ Trading knowledge on leveraged products
➡️ A risk warning on complex instruments
➡️ Educational videos
Research can include some of the following:
➡️ Trading tools
➡️ Commentary
➡️ Status of International Markets
➡️ Price movements
➡️ Market sentiments
➡️ Whether there is a volatile market
➡️ Exchange Rates
➡️ Expert opinions and other resources can help experienced traders make informed trading decisions.
The Best Forex Brokers in Botswana
In this article, we have listed the best brokers that offer forex trading to traders in Botswana. In addition, we have further identified the brokers that offer additional services and solutions to Botswanan traders.
Best MetaTrader 4 / MT4 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 25
Regulators
FCA UK
Trading Platform
MT5, MT4, OctaTrader
Crypto
Yes
Total Pairs
28
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, OctaFX is the best MT4 forex broker in Botswana. OctaFX is an MT4 and MT5 broker that provides Botswanans with various markets. OctaFX offers a choice of accounts via MT4, including ECN and STP accounts, with superior trade execution.
Best MetaTrader 5 / MT5 Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$100 / 1 342 BWP
Regulators
ASIC, FSA
Trading Desk
MetaTrader 4, MetaTrader 5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Total Pairs
55+
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, AvaTrade is the best MetaTrader 5 forex broker in Botswana. In addition, AvaTrade is regarded as one of the most secure MT5 forex brokers.
No commission is charged for trading currency pairings, only leaving the spread to be paid. A demo account is also available for traders to sharpen their abilities via MT5 and several other platforms.
Best Forex Broker for beginners in Botswana
Overall Rating
- 4.1/5
Min Deposit
$100
Regulators
CFT, NFA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FOREX.com is the best forex broker for beginners in Botswana. FOREX.com is a broker renowned for low trading fees and beginner-friendly solutions. In addition, FOREX.com offers several educational materials and a helpful demo account.
Best Low Minimum Deposit Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
$10 / 134 BWP
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Desk
MetaTrader 4 and MetaTrader 5
Total Pairs
107
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Exness is the best Low Minimum Deposit Forex Broker in Botswana. Exness has a minimum deposit requirement of 10 USD / 130 BWP, making it easy for Botswanans to start trading 278 instruments.
Exness also offers MT4 and MT5 through which trades can be made. In addition, it offers some of the best trading tools, charting capabilities, technical indicators, expert advisors, and more.
Best ECN Forex Broker in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0
Regulators
CySEC, FCA, DFSA, FSCA, FSA, CMA
Trading Desk
MT4, MT5, HFM APP
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
0
Account Activation Time
24 Hours
Overall, HFM is the best ECN forex broker in Botswana. HFM is a hybrid forex and CFD broker that uses STP and ECN technology to ensure that Botswanans get the best pricing, minimal slippage, no requotes, and the fastest trade execution.
HFM uses the best liquidity providers who aggregate the pricing that Botswanans can see on MT4, MT5, and the HF App for Android and iOS.
Best Islamic / Swap-Free Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 10 / 136 BWP
Regulators
CySec, FCA
Trading Desk
None
Crypto
Yes
Total Pairs
47
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, eToro is the best Islamic / Swap-Free forex broker in Botswana. eToro is a renowned social trading platform that offers Muslim traders an Islamic Account.
eToro does not charge any interest on positions held for over 24 hours. However, registering an Islamic Account can be expensive initially, requiring a 1,000 USD / 13,400 BWP deposit.
Best Forex Trading App in Botswana
Overall Rating
- 4.9/5
Min Deposit
USD 0 / 0 BWP
Regulators
ASIC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
300
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, CMC Markets is the best forex trading app in Botswana. In addition, CMC Markets offers a user-friendly mobile app with research tools, powerful charts, customizable watch lists, news reports, and a range of educational materials.
Best Lowest Spread Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 0 / 0 BWP
Regulators
FCA, CySEC, IFSC, KNF
Trading Desk
No Trading Desk
Crypto
Yes
Total Pairs
48
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, XTB is the best lowest-spread forex broker in Botswana. XTB is a well-known forex and CFD broker with low and competitive forex spreads from 0.1 pips depending on the financial instrument and the market conditions.
XTB is also a good broker in terms of educational materials and research capabilities, providing traders with comprehensive market analysis across markets.
Best Nasdaq 100 Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 10
Regulators
CySec, FSCA
Trading Desk
MetaTrader 4 and MetaTrader 5
Crypto
Yes
Total Pairs
60
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXTM is the best Nasdaq 100 forex broker in Botswana. FXTM is a multi-regulated forex and CFD broker that accommodates Botswanan traders with a keen interest in Nasdaq. Traders can expect low and competitive spreads, a choice between accounts, and powerful trading platforms.
Best Volatility 75 / VIX 75 Forex Broker in Botswana
Overall Rating
- 4.8/5
Min Deposit
USD 0 / 0 BWP
Regulators
IGRs
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
80
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, IG is Botswana’s best Volatility 75 / VIX 75 forex broker. IG is one of the best CFD brokers with powerful proprietary trading technology.
IG is well-regulated and offers Botswanans access to VIX75, with spreads from 0.04 pips / 0.13% and zero commission charges.
Best NDD Forex Broker in Botswana
Overall Rating
- 4.6/5
Min Deposit
USD 50 / 672 BWP
Regulators
FCA
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
–
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, FXCM is the best NDD forex broker in Botswana. FXCM is a No-Dealing Desk broker with STP and ECN execution across several markets.
In addition, FXCM offers a choice between third-party platforms in addition to technical indicators, charting tools, and competitive trading conditions.
Best STP Forex Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
USD 10
Regulators
IFSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
36
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Overall, RoboForex is the best STP forex broker in Botswana. RoboForex is popular forex and CFD broker with competitive trading conditions. RoboForex offers STP execution with liquidity sourced from top providers.
Botswanans can expect access to over 12,000 instruments via powerful and innovative third-party platforms.
Best Sign-up Bonus Broker in Botswana
Overall Rating
- 4.7/5
Min Deposit
50 USD / 682 BWP
Regulators
CYSEC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
50
Islamic Account
Yes
Trading Fees
Low
Account Activation Time
24 Hours
Overall, Windsor Brokers is the best sign-up bonus broker in Botswana. Windsor Brokers is a well-regulated broker that offers Botswanans a welcome account funded with 30 USD in trading credit. With this account, Botswanans can explore the platform or risk-free test their strategies.
Conclusion
One of the benefits of forex trading is that Botswanans need not pay excessive minimum deposits to start trading. Many forex traders offer micro accounts requiring a 13 BWP / 1 USD deposit to start. However, these brokers typically offer much higher leverage, which could be risky.
Botswanans must ensure they can deposit enough to cover their trading and non-trading fees without too much leverage. Thus, traders must use leverage, so they do not risk more than 1% to 3% of their overall investment on a single trade.
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Frequently Asked Questions
Which are the cheapest forex brokers in Botswana?
Botswanan’s cheapest brokers include InstaForex, Exness, AvaTrade, HFM, Tickmill, Admirals, and more. These brokers offer many benefits and allow traders to start trading with a small amount of capital.
Start Forex trading with $1?
Yes. It is possible to trade with $1 in Forex. The best way to do this is by using micro lots and high leverage, which can help limit the risk of losses when trading with small amounts.
How much are 0.01 lots in Forex?
Lots in Forex is equal to 1,000 units of the account’s base currency.
What leverage is suitable for $1 in Botswana?
While it might be tempting to use the maximum leverage that your broker offers, you should not use leverage over 1:10 on a $1 deposit or risk more than 1 – 3% of your capital on a single trade.
Which brokers offer no minimum deposit?
- Forex4You
- Oanda
- AXI
- ThinkMarkets
- XTB
Best Low Cost Brokers in Botswana?
- AvaTrade
- XM
- BDSwiss
Best Mobile Platform Broker with $1 minimum deposit?
- InstaForex
- FBS
Addendum/Disclosure:
No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
